Digital payments platform PhonePe has temporarily paused its initial public offering (IPO) plans due to ongoing geopolitical tensions and volatility in global financial markets.
In a press statement on Monday, the company said it has deferred its public market listing process and will resume the IPO once stability returns to global capital markets.
PhonePe’s IPO delay comes amid tensions involving Iran, the US and Israel, which have increased volatility in global markets and affected investor sentiment, prompting several IPO-bound companies to…

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